Recently Russia and China agreed on a landmark deal that will see Russia’s Gazprom deliver vast quantities…
Read MoreGold recovers as Fed confirms dovish stance
Gold prices and the precious metal complex have enjoyed a solid week, with the price of the yellow metal rallying just over USD $20 per ounce so far, as a combination of dovish Fed minutes, volatility on stock markets and the potential for the situation in Ukraine to escalate have all seen the metals bid. […]
Read MoreTroy Ounces and Four nines gold?
In this article we’re going to look at what a troy ounce (the standard measurement for gold) really is, and why you might hear gold referred to as ‘four nines gold’. Lets start with the troy ounce. The Troy Ounce is a unit of measurement. The Troy Ounce has for hundreds of years in the […]
Read MoreGold steadies as market awaits Non-Farm Payrolls
Despite the bearish sentiment towards the precious metal complex after the sharp decline from USD $1390 per ounce, gold prices have held up relatively well this week, as the market looks toward the all important US non farm payrolls report due out tonight, Sydney time. Essentially flat for the week, after closing out last week […]
Read MoreGold re-tests USD $1300 as Q1 rally fades
Gold prices briefly broke below USD $1300 per ounce overnight, as headline data beats in the US added to the downside pressures that have come to bear on the yellow metal in the past several trading days. Currently sitting at USD $1305 per ounce, with silver having broken below USD $20 per ounce, the precious […]
Read MorePrecious metals pullback after Crimea votes
After an initial run up above USD $1390 per ounce earlier in the week, gold prices have been in correction mode, shedding nearly $40 per ounce to sit at USD $1354 (6pm Sydney time, 19th March 2014). The pullback was not unexpected, as despite the hand slapping sanctions placed on a handful of Russian officials […]
Read MoreGold and Superannuation Funds
One of the things that our clients often ask us is whether or not they can buy gold using their superannuation funds, which is understandable, as superannuation is going to be the largest financial asset that many Australians build. It will be particularly important for Gen-X and Gen-Y Australians, as they will be contributing 9% […]
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